MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics with Answer

MCQ Questions for Class 12 Economics Chapter 1 : Chapter 1 “Introduction to Macroeconomics” MCQ Questions for Class 12 Economics with Answers PDF Free Download here according to the latest CBSE syllabus and NCERT curriculum.

MCQ Questions for Class 12 Economics Chapter 1 : Chapter 1 “Introduction to Macroeconomics” MCQ Questions for Class 12 Economics with Answers PDF Free Download here according to the latest CBSE syllabus and NCERT curriculum.

MCQ Questions for Class 12 Economics with Answers Chapter

MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics

Here CBSE RBSE and Other State Board NCERT Objective MCQ Questions of Class 12 Economics Chapter 1 “Introduction to Macroeconomics” with Answers Pdf will guide students to do a quick revision for all chapter.

Q1. What is known as the study of individual units?

(A) Macroeconomics
(B) Microeconomics
(C) Income and Employment Theory
(D) Development economics

(B) Microeconomics


Q2. What is the main cause of all economic problems?

(A) Abundance
(B) Convenience
(C) Scarcity
(D) None of these

(C) Scarcity


Q3. Study of aggregates is known as _

(A) Macroeconomics
(B) Microeconomics
(C) Price theory
(D) Factor price determination

(A) Macroeconomics


Q4. What is the name of the book written by J.M. Keynes?

(A) Wealth of Nation
(B) Political economy
(C) The General Theory of Employment, Interest and Money
(D) None of these

(C) The General Theory of Employment, Interest and Money


Q5. When was the famous book of Prof. Keynes published?

(A) 1930
(B) 1931
(C) 1936
(D) 1940

(C) 1936


Q6. When did the great depression occur?

(A) 1929-30
(B) 1934-35
(C) 1938-39
(D) 1941-42

(A) 1929-30


Q7. Who is known as the father of modern macroeconomics?

(A) Adam Smith
(B) J.M.Keynes
(C) Samuelson
(D) Hicks

(B) J.M.Keynes


Q8. Mr. Skund Kumar wants to study the national income. Which branch of economics will he have to study?

(A) Microeconomics
(B) Price theory
(C) Factor price determination
(D) Macroeconomics

(D) Macroeconomics


Q9. The mother of all economic problems is —–

scarcity


Q10. Macroeconomics is defined as that branch of economics, which studies economic activities of an economy as a —–

whole


Q11. —–was the founding father of modern economics.

Adam Smith


Q12. Keynes book on Income and Employment came into light in the year—-

1936


Q13. Aggregate Demand is the sum total of consumption and—–

investment


Q14. The period of the great depression was from—-

1929-33


Q15. Capital, land, labour, and entrepreneur are the factors of production.

True


Q16. The expenses which raise productive capacity are known as investment expenditure.

True


Q17. The domestic country may sell goods to the rest of the world. It is called imports.

False


Q18. The domestic country may buy goods from the rest of the world. It is called exports.

False


Q19. The capitalist economy works for social welfare.

False


Q20. Microeconomics deals with the aggregate economic variable of an economy.

False


Q21. ‘Save more’ is always a virtue.

False


MCQ Questions for Class 12 Macroeconomics with Answers: Introductory Macroeconomics

Introduction to Macroeconomics Class 12 MCQ Questions
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Money and Banking Class 12 MCQ Questions
Determination of Income and Employment Class 12 MCQ Questions
Government Budget and the Economy Class 12 MCQ Questions
Open Economy Macroeconomics Class 12 MCQ Questions

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Environment and Sustainable Development Class 12 MCQ Questions
Comparative Development Experiences of India and its Neighbours Class 12 MCQ Questions
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Unit 8 Development Experience of India: A Comparison with Neighbours Class 12 MCQ Questions